Senate Proposes PPP Improvements
The Senate is considering a bi-partisan proposal to change how and when Paycheck Protection Program (PPP) loans could be spent.
Read more
Furniture
Feds Release PPP Loan Forgiveness Application
The Small Business Administration (SBA) and the U.S. Treasury Department have released an 11-page application for borrowers seeking loan forgiveness under the Paycheck Protection Program (PPP).
Read more
JCPenney Given Two Months to Avoid Liquidation
JCPenney’s lenders are giving the bankrupt retailer two months to come up with an acceptable turnaround plan or face either a sale of the business or liquidation.
Read more
Most Consumers Express Caution Over Post-Lockdown Lifestyle
Although everyone is surely stir-crazy at best by weeks of mandatory lockdowns, consumers are still leery about resuming their pre-COVID lifestyles even after stay-at-home orders are eased.
Read more
U.S. Retail Takes a Pounding in April
Despite a solid showing by BrandSource members, the majority of the nation’s retailers took it on the chin last month as the full effects of the COVID crisis took hold.
Read more
The Brave New World of Furniture Retail
No question the world has radically changed in the last two months, and furniture retail is no exception.
Read more
Ashley CEO Todd Wanek Urges E-Commerce During HFA Webinar
AVB CEO Jim Ristow has long stressed the importance of e-commerce capabilities in a rapidly changing retail world.
Read more
Furniture Industry Ramping Up Production
Flexsteel, Norwalk Furniture and Craftmaster fired up idled manufacturing plants this week as home furnishings dealers begin reopening their stores.
Read more
Miskelly Reopens Stores, Credits AVB’s Transactional Website for Tiding it Over
Top 100 furniture chain Miskelly Furniture has cautiously reopened its seven Mississippi stores after shutting the showrooms down for one month.
Read more
Bedding Businesses Form Coalition to Fight Mattress Tariff
A new coalition of bedding companies including Ashley Furniture, Malouf, Maven and Mlily USA has formed to fight a new anti-dumping petition that could increase the cost of mattress imports by more than 1,000 percent.
Read more